After every Panorama programme etc, I get some shady "Entrepreneur"/big thinker/self declared genius phoning me up with various schemes like this.
The "If Amazon can do it" line tends to be used by those with the greatest distance between their arrogance and their ability.
But crack on if you want. Good luck getting bitten by a load of rules that international companies can easily swerve, but that an owner-manager working and living in the UK cannot. That's just for starters
Definitely true. An accounts assistant I once worked with said a tax manager at his last firm met the accountant of the chap's ex-wife at a conference.
Mind, he also said that his uncle's sister's girlfriend's cat knew a nurse at a hospital close to the one in which that celebrity had 40 kinds of fluid removed from his stomach.
What is there to discuss? It is an open and shut case. Professional lies. Quite rightly gets booted out. He tried to snowflake it by talking about his feelings and tried to get his partner into trouble - but, luckily, the SRA canned him anyway.
Similarly, once a shareholder has a qualifying shareholding in a personal company, they can acquire further shares - and a sale of those further shares will qualify for ER even if held for a day.
The solution to the kind of questions that the textbooks don't answer can be found by reading down the leg to see exactly how it implements the relief.
Justin - Has there been a decision on Mehjoo since the CoA result overturned the High Court decision which, by the way, was made by a judge with no tax knowledge/understanding of the difference between tax planning options clearly intended by statute and abusive "schemes"?
My answers
"I cannot think..."
Looks that way.
Have you considered retraining as a dog walker?
After every Panorama programme etc, I get some shady "Entrepreneur"/big thinker/self declared genius phoning me up with various schemes like this.
The "If Amazon can do it" line tends to be used by those with the greatest distance between their arrogance and their ability.
But crack on if you want. Good luck getting bitten by a load of rules that international companies can easily swerve, but that an owner-manager working and living in the UK cannot. That's just for starters
Definitely true. An accounts assistant I once worked with said a tax manager at his last firm met the accountant of the chap's ex-wife at a conference.
Mind, he also said that his uncle's sister's girlfriend's cat knew a nurse at a hospital close to the one in which that celebrity had 40 kinds of fluid removed from his stomach.
You still have a stick a value on the 'chose in action asset' and tax it, don't you?
Is the client feeling optimistic and going for the full £80K? ;)
CPD needed about the CPD requirements ;)
What is there to discuss? It is an open and shut case. Professional lies. Quite rightly gets booted out. He tried to snowflake it by talking about his feelings and tried to get his partner into trouble - but, luckily, the SRA canned him anyway.
I quite like the Lego stuff. Not sure what Justy is on about though. Nothing new
Similarly, once a shareholder has a qualifying shareholding in a personal company, they can acquire further shares - and a sale of those further shares will qualify for ER even if held for a day.
The solution to the kind of questions that the textbooks don't answer can be found by reading down the leg to see exactly how it implements the relief.
Justin - Has there been a decision on Mehjoo since the CoA result overturned the High Court decision which, by the way, was made by a judge with no tax knowledge/understanding of the difference between tax planning options clearly intended by statute and abusive "schemes"?
Does that put you in the clear on a lot of your past work?